SoFi Professional Loan Program 2017-E LLC's issuance is an ABS transaction backed by private student loans.

The approximately 20%-21% credit support available (including excess
spread) based on our 'AAA' stressed break-even cash flow scenarios. These
credit support levels provide coverage of approximately 6.7x our expected
net loss in the 'AAA' stressed break-even cash flow scenarios. The turbo
principal payment trigger was in effect in these break-even scenarios
because our stress default rate assumption exceeds 4.0%.

The subordinate lockout trigger, which accelerates note principal
repayments (i.e., a turbo principal payment trigger) if the cumulative
default rate exceeds 4.0% of the initial pool balance, or if the rolling
six-month average deferment and forbearance rate exceeds 8% of the
current pool, or if the outstanding pool balance is less than 10% of the
initial pool balance.

The pool characteristics of the initial portfolio loans as of the cut-off
date, including a weighted average FICO score of 763, a weighted average
gross income of $172,971, and a weighted average monthly free cash flow
of $7,439. Free cash flow, as calculated by SoFi Lending Corp. at the
time of loan origination, is defined as the obligor's income less debt
payments and estimated expenses such as taxes and mortgage or rent
payments. All of the above characteristics are reported at the time of
loan application.

The characteristics of the additional portfolio loans the underlying
trustee is expected to purchase from the sponsor pursuant to the loan
sale agreement on the closing date. The additional portfolio loans will
be purchased with the funds equal to the reduction in the initial
portfolio loans' principal balance between the cut-off date and the day
before the closing date, plus the aggregate principal amount of any
initial portfolio loans to borrowers in counties that were declared major
disaster areas due to Hurricanes Harvey and Irma and that are eligible
for individual assistance, as shown on the Federal Emergency Management
Agency's website as of the close of business on the day before the
closing date. All of these loans will be removed from the initial
portfolio loans. The sponsor does not expect that the credit
characteristics of the loans purchased on the closing date to be
materially different from the credit characteristics of the initial
portfolio loans.

The initial class A overcollateralization of approximately 17.9%. Class A
overcollateralization is defined as the excess of the asset balance over
the class A note balance, divided by the asset balance. The asset balance
includes the pool balance and class A reserve account balance but
excludes the class B and C liquidity account balances.

The initial total overcollateralization of approximately 4.25%. Total
overcollateralization is defined as the excess of the adjusted asset
balance over the total note balance, divided by the adjusted asset
balance. The adjusted asset balance includes the pool balance, the class
A reserve account, and the class B and C liquidity accounts.

The transaction's fully sequential payment structure, which builds total
overcollateralization for the class A, B, and C notes to the greater of
9.75% of the outstanding adjusted asset balance and 1.00% of the initial
adjusted asset balance.

Detailed loan-level data, which allowed for a more in-depth analysis of
the obligor characteristics.

Recent changes in SoFi's senior leadership, including the resignation of
its chief financial officer and CEO in May 2017 and September 2017,
respectively. At this point, we believe that these changes are unlikely
to negatively affect the performance of this transaction or SoFi's other
outstanding transactions we've rated. We will continue to monitor any
developments with respect to these leadership changes.

While SoFi's original business model relied on accredited alumni and
other individual investors to fund its loan originations (a
"peer-to-peer" platform), SoFi now primarily funds itself with customary
institutional and bank financing.

The moderately low level of expected servicing intensity given the
collateral pool's strength.

The servicer, The Higher Education Loan Authority of the State of
Missouri (MOHELA), a public instrumentality of the state of Missouri.
MOHELA provides full-service private student loan servicing and federal
loan servicing for its own student loans and those owned by third
parties.

The timely interest and principal payments made on class A notes by the
final maturity date in the cash flow runs that simulated our 'AAA' rating
stress scenarios.

A scenario analysis, indicating that under moderately stressful economic
conditions (defined as about 2.25x the expected defaults), the
preliminary 'AAA (sf)' ratings would not decline more than one rating
category in the first year, which is consistent with our credit stability
criteria.